- Write by:
-
Friday, October 4, 2024 - 16:59:41
-
58 Visit
-
Print
Black Cat Syndicate is celebrating the first gold doré from its Myhree open pit, part of the Kal East gold project in Western Australia.
Myhree was first discovered by Black Cat in 2018, with pre-strip and ore production commencing on 26 July. The first gold doré from Myhree ore has been poured ahead of schedule.
“Excellent progress is being made on all fronts as we continue the prestrip and the gold production build,” Black Cat managing director Gareth Solly said.
“The first ore parcel has been hauled and processed at Paddington resulting in first doré from Myhree. Myhree was discovered by Black Cat just after our listing in 2018 and to see first doré is a significant milestone for the company.
“As we transition to a production organiSation, results for Myhree/Boundary will be shown monthly during 2024 and thereafter quarterly.”
Ore from Myhree has been mined to 20m below surface, with waste removal now being prioritised. There is no requirement for drill and blast yet, giving significant cost savings to the company.
Following recovery of start-up costs, the first $30 million of cashflow will be received by Black Cat. After that, Black Cat and Mineral Mining Services (MMS) will share profits.
- gold
- Source: Australian Mining
Short Link:
https://www.miningnews.ir/En/News/629196
Gold swung between small gains and losses, with traders assessing an increasingly uncertain outlook for Federal Reserve ...
Hundreds of people marched through Ghana’s capital Accra on Friday in a peaceful protest against unlicensed gold mining, ...
A rebound in gold prices to a record peak has dashed the Indian bullion industry’s expectations of a lucrative festival ...
Ghanaian unions have called off a strike after the government promised to take measures to clean up Africa’s biggest ...
A US congressional watchdog has found no evidence that a 2012 Securities and Exchange Commission (SEC) conflict minerals ...
At an unlicensed gold mine in Ghana, men in t-shirts, shorts and rubber boots wade through pools of muddy water laced ...
Fortuna Mining said on Monday that the government of Burkina Faso does not plan to withdraw the Canadian company’s ...
Southern Cross Gold (SXG) has made a series of key land acquisitions on properties directly surrounding its prospective ...
Tanzania’s central bank said it will buy gold at market prices from mining firms and traders who were ordered last week ...
No comments have been posted yet ...